There are two ways that we’ll apply for partial losses insurance claims. Which will value in partial losses insurance claims.

Actual Cash Value in partial losses insurance claims

Replacement Cost in partial losses insurance claims

NOTE:

If the partial losses valued at Replacement Cost. Then you get new for old. Like kind of quality and also today’s value of dollars. That’s Pretty simple.

However, if your partial losses are valued at Actual Cash Value there’s going to be depreciation taken out among other things.

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